Seel & Co

Selling at Auction

Reasons why you should consider selling at auction

 

Speed

No faster way of Selling. The process can take as little as six weeks from instruction to exchange.

High Profile Marketing

Your property will be advertised very intensively in the local press prior to Auction and also nationally through specialist publications targeting investors and professional buyers. It will be featured in our mass produced catalogue, which is professionally designed and printed.

This is sent out to our extensive mailing list and featured on our website www.seelandco.com

Open Viewing Dates

We set up special viewing times for your property, each hosted by a member of our Auction team who can talk knowledgeably about your property. It enables us to judge interest and help guide you in setting the reserve.

Competitive Bidding

Our aim is to generate interest from as many prospective buyers as possible and encourage competitive bidding.

This should lead to the best possible price being achieved on the day. Sometimes buyers are so keen to secure the property they make a pre-Auction offer, but we would only recommend acceptance if in our view that figure was unlikely to be exceeded and Auction conditions would still apply.

Best Price

Often properties achieve a sale price at Auction in excess of the guide price and you can always be sure that your property has achieved that best price on the day. This is particularly important on Probate properties where Executors are required to achieve the “Best Price” and everything at Auction is open to public scrutiny.

No Renegotiation

With private sales a price agreed is not always the price you finally receive. With Auction there is no renegotiation, no discounting to take into account survey findings or any last minute gazundering.

With Auction your buyer will have fully researched the condition of the property prior and cannot reduce the sale price after the hammer has fallen.

Timescale

If you are in a hurry or have a deadline to meet then Auction could be right for you. From the outset you will know the date of the Auction and legal completion is usually set for 28 days thereafter. This timescale is fixed and legally binding on both parties. Financial pressures and the need to relocate or dispose of a property can be easily accommodated and almost always met with a sale by Auction.

Properties Suitable for Auction

We sell all types of property at Auction, particularly those requiring refurbishment, offering scope for conversion or redevelopment, are unusual, in a highly sought after location or similar.

We sell, vacant houses and flats, industrial property, offices, shops, pubs, commercial and residential investments, land, development opportunities, Chapels, Churches and Ground Rents.

In Conclusion

Auction offers a potential alternative method of disposal for properties that have failed to sell by private treaty or are not suitable to be offered in this way.